Wednesday, April 25, 2012

Biz Barometer


Pekin’s sales tax disbursement received from the state in April was 2.2% greater than the April 2011 payment.  This generally represents tax collected on sales in January.
Pekin’s sales tax disbursements received from the state in the last 3 months are 4.7% greater than the same period in 2011.
East Peoria’s sales tax disbursements received from the state for the last 12 months is 8.1% greater than the previous 12-month period.
For the 12 months ending in April, Pekin (+1.2%), Morton (3.4%), and Washington (3.0%) also saw increases over the previous year’s tax disbursements received from the state.
The number of residential units sold in the 61554 zip code in the first two months of 2012 is up 6.7% over the same period in 2011. 
The average sales price of a residential unit in Pekin in the first two months of 2012 is up 9.1% over the same period in 2011.
Pekin’s unemployment rate went from 10.8% in January of 2012 to 10.3% in February of 2012.
The number of people employed in Pekin (15,929) in February of 2012 was 160 more than January of 2012.
The number of people employed in Pekin (15,929) in February of 2012 was 525 or 3.4% more than February of 2011.
The number of people employed in the Peoria region (184,204) in February of 2012 was 4,533 or 2.5% more than a year ago.
Nationally, non-farm payroll employment rose by 120,000 in March, and the unemployment rate was little changed at 8.2%
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in March on a seasonally adjusted basis.  Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment. 
Sources:  Illinois Department of Employment Security; Illinois Department of Revenue; Peoria Area Association of Realtors; Bureau of Labor Statistics